Section 2
SEC 2. The money appropriated in the first section of this Act shall be paid to the supervisor-treasurer of the Province of Capiz upon the production by him to the Treasurer of the Philippine Archipelago of a certified copy of a resolution of the provincial board of the Province of Capiz accepting such loan and agreeing to repay the same, without interest, in three annual payments, one-third tin or before one year from the date of acceptance of the loan, one-third on or before two years from said date, and one-third on or before three years from the date of such acceptance.